Naples Money Management LLC Makes New $2.57 Million Investment in Marathon Petroleum Co. (NYSE:MPC)

Naples Money Management LLC bought a new position in Marathon Petroleum Co. (NYSE:MPC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,291 shares of the oil and gas company’s stock, valued at approximately $2,565,000. Marathon Petroleum comprises approximately 2.4% of Naples Money Management LLC’s holdings, making the stock its 13th largest holding.

Other large investors have also bought and sold shares of the company. Marino Stram & Associates LLC boosted its position in shares of Marathon Petroleum by 0.5% during the fourth quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock worth $1,695,000 after acquiring an additional 60 shares during the last quarter. SteelPeak Wealth LLC boosted its position in shares of Marathon Petroleum by 0.3% during the fourth quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company’s stock worth $3,028,000 after acquiring an additional 67 shares during the last quarter. Aaron Wealth Advisors LLC raised its stake in Marathon Petroleum by 4.5% during the fourth quarter. Aaron Wealth Advisors LLC now owns 1,559 shares of the oil and gas company’s stock valued at $231,000 after purchasing an additional 67 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in Marathon Petroleum by 7.2% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,060 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 71 shares in the last quarter. Finally, Empower Advisory Group LLC raised its stake in Marathon Petroleum by 1.6% during the third quarter. Empower Advisory Group LLC now owns 4,465 shares of the oil and gas company’s stock valued at $676,000 after purchasing an additional 72 shares in the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Trading Up 0.7 %

Shares of NYSE MPC traded up $1.40 during mid-day trading on Friday, reaching $196.42. The company had a trading volume of 1,748,676 shares, compared to its average volume of 2,834,987. The business’s 50-day moving average is $188.96 and its 200-day moving average is $164.59. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The stock has a market cap of $70.78 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 1.92 and a beta of 1.52. Marathon Petroleum Co. has a 52 week low of $104.32 and a 52 week high of $221.11.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. The firm had revenue of $36.26 billion for the quarter, compared to analysts’ expectations of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $6.65 earnings per share. Equities analysts expect that Marathon Petroleum Co. will post 17.57 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum’s payout ratio is presently 14.02%.

Insider Transactions at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the transaction, the director now directly owns 23,446 shares in the company, valued at $3,994,026.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MPC shares. Citigroup started coverage on shares of Marathon Petroleum in a research note on Wednesday, January 24th. They set a “neutral” rating on the stock. Bank of America upped their price target on shares of Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. TD Cowen upped their price target on shares of Marathon Petroleum from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, StockNews.com raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $193.77.

Marathon Petroleum Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.